UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
VistaCare, Inc.
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(Name of Issuer)
Class A Common Stock, $0.01 par value per share
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(Title of Class of Securities)
92839Y109
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(CUSIP Number)
with a copy to:
Mr. Philip C. Timon Robert G. Minion, Esq.
Endowment Capital Group, LLC Lowenstein Sandler PC
1515 Market Street, Suite 2000 1251 Avenue of the Americas
Philadelphia, Pennsylvania 19102 New York, New York 10020
(215) 563-8600 (973) 597-2424
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 16, 2008
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Cusip No. 92839Y109
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1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Mr. Philip C. Timon
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2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b)
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3) SEC Use Only
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4) Source of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e):
Not Applicable
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6) Citizenship or Place of Organization: United States
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Number of 7) Sole Voting Power: 655,000*
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Shares Beneficially 8) Shared Voting Power: 0
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Owned by
Each Reporting 9) Sole Dispositive Power: 655,000*
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Person With 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person: 655,000*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 3.9%*
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14) Type of Reporting Person (See Instructions): IN
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*As of January 16, 2008 (the "Reporting Date"), Endowment Capital, L.P. and Long
Drive, L.P., each a Delaware limited partnership (collectively, the "Limited
Partnerships"), own in the aggregate 655,000 shares of the Class A Common Stock,
$0.01 par value per share (the "Shares"), of Vistacare, Inc., a Delaware
corporation (the "Company"). Endowment Capital Group, LLC, a Delaware limited
liability company ("Endowment LLC"), is the sole general partner of each of the
Limited Partnerships. Mr. Philip C. Timon is the sole managing member of
Endowment LLC. As a result, Mr. Timon possesses the sole power to vote and the
sole power to direct the disposition of 655,000 Shares held by the Limited
Partnerships. Thus, as of the Reporting Date, for the purposes of Reg. Section
240.13d-3, Mr. Timon is deemed to beneficially own 655,000 Shares, or
approximately 3.9% of the Shares deemed issued and outstanding as of the
Reporting Date. Mr. Timon's interest in the Shares is limited to his pecuniary
interest, if any, in the Limited Partnerships.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended and restated in its entirety as follows:
Based upon the information set forth in the Company's Annual Report on
Form 10-K for the fiscal year ending September 30, 2007 as filed with the
Securities and Exchange Commission on December 12, 2007, there were 16,867,692
Shares issued and outstanding as of December 4, 2007. As of January 16, 2008
(the "Reporting Date"), the Limited Partnerships owned in the aggregate 655,000
Shares. As a result, Mr. Timon possesses the sole power to vote and the sole
power to direct the disposition of 655,000 Shares held by the Limited
Partnerships as of the Reporting Date. Thus, as of the Reporting Date, for
purposes of Reg. Section 240.13d-3, Mr. Timon is deemed to beneficially own
655,000 Shares, or approximately 3.9% of the Shares deemed issued and
outstanding as of the Reporting Date. Mr. Timon's interest in the Shares is
limited to his pecuniary interest, if any, in the Limited Partnerships.
The following table details the transactions in Shares, by the Limited
Partnerships, each of which were effected in an ordinary brokerage transaction:
Date Transaction Shares Price
---- ----------- ------ -----
1/16/2008 Sale 60,000 $8.3050
1/16/2008 Sale 1,385,000 $8.3279
1/16/2008 Sale 79,664 $8.3140
Except as set forth above, there were no other transactions in Shares,
or securities convertible into, exercisable for or exchangeable for Shares, by
Mr. Timon or any other person or entity controlled by him or any person or
entity for which he possesses voting or investment control over the securities
thereof during the sixty (60) days on or prior to the Reporting Date.
As of the Reporting Date, Mr. Timon ceased to be the beneficial owner
of more than five percent (5%) of the Company's Shares.
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 29, 2008
/s/ Philip C. Timon
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Philip C. Timon, in his capacity
as the sole managing member of
Endowment Capital Group, LLC, the
sole general partner of Endowment
Capital, L.P. and Long Drive, L.P.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).